The highlights of the new Standard Chartered Auto Loan are its competitive interest rate, faster processing, simple documentation procedures and world-class professional service.
“Our market study has revealed that while customers have a clear idea about the brand of car they want to own, they are not sure about the car loan. So we are offering the most competitive auto finance choice which customers can choose confidently without anybody’s recommendation. Standard Chartered is here for our customers to support them in their financial decisions,” said Sai Narain CDK, Regional Head of Consumer Banking, Standard Chartered Bank, Northern Gulf, Levant and Oman.
In addition to the attractive interest rate Standard Chartered Auto loan promises a faster turnaround time. Loans will be processed within two hours, provided all the required documents are submitted with the application.
“We have also made our documentation process very simple. So customers will get the loan amount in their account as early as possible and they get behind the wheel of their dream car,” Sai Narain, said.
One of the distinctive factors of Standard Chartered Auto Loan is the service standards it offers to the customers. Standard Chartered has over 150 years of proud history in serving the people around the world. Customers are assured of world-class services which they can expect only from a leading international bank like Standard Chartered Bank.
Standard Chartered Auto Loan offers up to 100% of the vehicle price as loan amount with loan tenure ranging from 12 months to 84 months. Repayments can be paid in equal monthly installments. Loans are available to both salaried and self-employed persons with a minimum monthly income of BD 300. The minimum age limit for the loan applicant is 21 years and the maximum is 65 years. Salaried persons should have a minimum work experience of 1month in Bahrain and self-employed persons should have 1 year experience in their field.